Tesla reported better-than-expected adjusted earnings for the third quarter on Wednesday. A rebound in vehicle deliveries and growth in energy storage supported sales, while spending on artificial intelligence, robotics and autonomous driving remained a focus for investors. The electric vehicle maker reported revenue of $28.05 billion for the three months ended September 30, compared with
Meta Platforms (META) shares are extending gains in after-hours trading on Wednesday after its third-quarter revenue beat expectations, giving investors fresh confidence in its ads business. But the October 21st report, brought more than an earnings update: the titan tightened its massive spending forecast and unveiled nonvoting shares. A separate $25 billion New Mexico court
Western Digital’s stock has been under pressure since June, when it peaked at $800. Since then, it has fallen more than 52% to its current price of $378, with its market capitalization shrinking from $257 billion to $141 billion. Investors are now looking to the company’s upcoming earnings report as a potential catalyst that could
Novo Nordisk shares NVO rose on Tuesday after the Danish drugmaker reported that its experimental weight-loss drug CagriSema helped women with obesity or overweight lose an average of 25% of their body weight in a late-stage clinical study. The stock gained more than 2% as investors assessed the findings for a potential successor to Wegovy,
The Nasdaq Composite rose on Monday as investors returned to technology and artificial intelligence-related stocks following last week’s sharp selloff, while markets looked ahead to earnings from major US companies. The tech-heavy index gained 1.1%, while the S&P 500 advanced 0.4%. The Dow Jones Industrial Average finished slightly below the flatline. The rebound followed a
Crude oil prices continued the upward trend, reaching its highest level since May 20 as the crisis in the Middle East gained momentum. Brent, the global benchmark, rose to $110, while West Texas Intermediate (WTI) moved to $99.05, well above its July low of $67. Iran continues to shoot ships Brent and West Texas Intermediate
Anthropic’s potential initial public offering is facing an early test of investor appetite, with some prospective and existing investors reportedly considering a valuation of around $1.5 trillion, below the roughly $2 trillion target previously expected for its November listing. The reassessment follows a slowdown in the company’s sequential revenue growth and comes as investors grow
Moderna MRNA shares suffered a sharp reversal on Friday, falling close to 10% after a strong October rally had pushed the biotechnology to its 52-week high. The shares, which reached $242.29 during their recent advance, were trading near $213 at the time of writing. The decline erased a significant portion of this month’s gains, which
Taiwan Semiconductor (TSM) plans to spend as much as $64 billion on capital expenditure (capex) this year, a commitment that could understandably make some shareholders nervous. But the size of that investment tells only half the story. TSMC’s latest financial disclosures show a business generating enough cash to fund “substantial” expansion, cover its dividend payments,
Nvidia NVDA shares fell more than 2% on Wednesday as hotter-than-expected US inflation data triggered a broader market sell-off, adding to pressure on semiconductor stocks that have struggled throughout the week. Wednesday’s decline marked the fifth time in six sessions that Nvidia shares traded lower. The stock closed at $228.52 in the previous session and